Flows are rotating into ASK.AX while Cross-Sector Resource & Industrial Metals weakens

🇯🇵 A clear flow shift is unfolding, with inflows edging outflows for the first time in recent sessions, but caution remains as the dominant move is still concentrated around a single theme. Today’s data shows three small inflows versus two outflows, with the largest exit from Cross-Sector Resource & Industrial Metals led by $CIA-AX at minus $13 million. Meanwhile, the top inflows are all modest, led by ASK-AX, ASB-AX, and BOQ-AX, each adding around $2 million. This signals a tentative shift toward selective buying, but the overall picture remains narrow. The inflow cluster confirms a focus on the Australian Cross-Sector Cohort and related themes, yet the heavy outflow from resource metals suggests underlying caution. The next step is to see if inflows broaden or if the resource metals outflow resumes, which would reaffirm the risk-off tone.